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Ukraine oilseed exports jump 52pc so far in 2017/18

Ukraine oilseed exports jump 52pc so far in 2017/18

Thu Jan 11 2018


Ukraine has boosted its exports of oilseeds by more than 52 percent to 3.5 million tons so far this season thanks to bumper rapeseed sales, its state service for food safety said on Thursday.


Rapeseed exports totalled 2 million tons so far in 2017/18 compared with 880,000 tons in the same period in 2016/17, the service said in a statement.


Ukraine also exported 1.5 million tons of soybean and an insignificant amount of sun seeds and others oilseeds, it said.


The country harvested around 12 million tons of sun seeds, 3.8 million tons of soybeans and 2.2 million tons of rapeseed in 2017.


Last month, consultancy UkrAgroConsult forecast Ukraine would nearly double its rapeseed sales to 2.0 million tons in the 2017/18 season, from 1.04 million tons in 2016/17.


Source: Reuters

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